ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor Profit in 60 seconds is a new binary options software that is going to be garnering a lot of attention over the next couple weeks so I want to get ahead of that now. This system is set to release Wednesday, the 6th of November so it is just around the corner.
This page will provide as a review and an area for traders to come leave their opinions on this software.
Profit In 60 Seconds Review
At this point in time there is very little information about the profit and 60 seconds product but with under 24 hours to go I am going to be filling up this review page with more information going forward. For now I’m going to give you my impression on 60 second binary options systems and their historical significance in this market.
If you want to take a few seconds out of your day you can start by viewing my binary options testing lab where I review multiple products and point out which are performing best.
Binary options up until now has been a very unpredictable source of income. My experience in 60 seconds trades has been increasingly erratic so I obviously have a healthy dose of skepticism when approaching this profit in 60 seconds software. One of the good things about this product is that there is going to be a 30 day trial which eases my mind a little bit and provides me with an opportunity to test which I always recommend.
One of the negative elements of this system is the fact that it is going to cost nearly $1000 when the trial is up. At that price it does feel like this tends to be a binary options gamble which will make it increasingly difficult for me to use the profit in 60 seconds product for more than just the 30 days.
Profit in 60 Seconds Video
Just added: my short video review, more to come.
Profit in 60 Seconds Conclusion
Obviously it is way too early for me to formulate a full conclusion about the profit in 60 seconds software. However, I will be adding to this review regularly to make sure that you have all the best information about the system. I also plan on adding my own results and hopefully some of the Forex robot nation users will provide their tests as well.
Please make sure that you bookmark this page and that you leave any of your profit in 60 seconds comments below the article, check back in again soon for more updates.
This product is usless its not worth it looses most trades also the binary matrix pro is rubish not worth it try trading aginst see how you go both make me mad and want to smash my computer i really am fuming about these complete ar#@#@@@ never be signing up to there brokers again biggest SCAM i have had
dont used this software.its a 100% cheat.really.again.dont used this softwear
Profit in 60 Seconds has 2 new versions out today. One is 100% web based and can be used on different computers or mobile phones. The other destop version no longer requires MT4. Also they say software is improved as far as recommended trades.
Friends do not buy, it’s cheating! I designed and assembled a unique system that WORKS! Purchase help to help. flider9105@gmail.com
The person who posts the videos daily on YouTube uses the name Storm Russell. Comments are disabled on all the videos. This is the also the name of the YouTube channel and is the same name used by the Profit In 60 Seconds support person with whom I’ve had several exchanges. Even after multiple attempts for the software to accept my customer code it has remained useless. He has now asked that I re-register & re-deposit (minimum $200) into the brokerage. I don’t know of anyone one not promoting Profit In 60 Seconds who has had even a modicum of success. I’ve read of many who have had technical challenges with the software & the software producing dismal results. In daily trading the trades are paused & only the winning trades are shown. Profit In 60 Seconds is most definitely yet another product to avoid in a minefield of merciless mercenaries.
The person who posts the videos daily on YouTube uses the name Storm Russell. Comments are disabled on all the videos. This is the also the name of the YouTube channel and is the same name used by the Profit In 60 Seconds support person with whom I’ve had several exchanges. Even after multiple attempts for the software to accept my customer code it has remained useless. He has now asked that I re-register & re-deposit (minimum $200) into the brokerage. I don’t know of anyone one not promoting Profit In 60 Seconds who has had even a modicum of success. I’ve read of many who have had technical challenges with the software & the software producing dismal results. In daily trading the trades are paused & only the winning trades are shown. Profit In 60 Seconds is most definitely yet another product to avoid in a minefield of merciless mercenarie
Hhmm, Just a thought; but, how about those who already have an account funded with a broker through this Vendor just trade “Opposite” of what the signals advise. Just like Optionbot advised that you trade opposite of the direction of their signals… Perhaps, those Losers could turn to winners…
Not to mention, it’s worth a try if you cant get the rest of your money anyhow.
Problem is, that if PI60 is 40% accurate, trading against their recommendations yields 60% accuracy, and you cannot make money in binaries at 60%.
The videos on profitin60seconds would be more credible IF they show a snapshot of the closed trades of their account so we could confirm if the trades are real; otherwise, they could easily cherry pick the trades they want to show and include one or 2 losing trades to make it credible. I challenge the developer to take a snapshot of the closed trades.
I got contacted from my “account rep” from Redwood who stated that the only reason for the campaign was to get new customers. She does not like 60 second trades. She then said if i wanted her “help” and a demo I would have to deposit $1000. She had no interest in “Profit in 60 seconds.” She said we have it to try for 30 days, so give it a shot, but her experience with her clients was about 50% wins or less. Now that I have tried it and realize that the guy doing the demo trading online is cherry picking the wins and making it seem like they are winning high % of trades when in reality he is probably trading them all and weeding out the losses, I am not interested either. Too bad – I had high hopes! To convince me, he would need to trade for 1/2 hour and let the tape record without interuption. Then lets see his percentages!
Their website says trade accuracy is 86% with 91% profitable days (meaning 9% of days would be losing days). With 86% accuracy and making a few trades every day, it should be next to impossible to have a losing day. I think this is another fraudulent, sociopathic funnel for Cedarwood and Traderush.
They are using about 6 different brokers now and Cedarwood isn’t one of them. One reason why they link it is to get the affiliate their commissions..
Ron what’s the problem? Did you receive the key for the software, or can’t find the files noted? I get it running, have been unimpressed so far, with maybe 40% winners, maybe…
OK so i got the demo – opened an account with $200 at Redwood. Redwood would not give me a demo unless I put in $1000 so I tried the software trading with my 24 Option demo. The first day it was quite good. Last 2 days have been awful!! It would often give a signal after a breakout just before it pulls back!! I wanted it to work, but wont be buying this one. I have not used the Redwood broker yet. Does anyone have any experience with them? I may just pull my $200 back out after fulfilling their paperwork requirements.
Further on the Profit in 60 Seconds system – You would think that, if they ever expect to make money on this, that they would support it… so far, three days in, no message back, not even a “we’re working on it ..” The .dll file, and the file to put into MetaTrader4, aren’t there…. Where are they, so we could try the system out? The ongoing promo messages are one thing, but having a program that actually works, would be great. So far, this isn’t it.
Very disappointing Dave.
Another, the domain expires in January 2014… Wonder if they’ll be around longer…
I noticed they have a new version (V2) that was about the 12 of November that automatically installs. They files you’re talking about were put in the MetaTrader4 automatically. I have timely responses from support.
I’m surprised anyone is using this at all after all the negative comments here.
Seems to be strictly Windows, sorry …
Tried this on a live account and I would have done better flipping a coin !
Sorry to hear that Brakko. Feedback hasn’t been great so far.
To the credit of the maker, every day on Youtube, this company has a guy named Storm Russell who has been putting his daily trading on video (edited for time) and posting it on Youtube. That seems to make it more credible than any other binary program I’ve seen. I asked why there were complaints about the softwares effectiveness and support issues, and today they posted 2 video’s explaining how it is downloaded on your computer. Basically, you have to have Metatrader4, download the Pi60S onto your computer, then attach the indicator to the Metatrader4 forex pairs, which in turn gives the signals for binary 60 second call or put trades. I have to admit: The daily video’s seem very above-board and convincing. Just saying. Didn’t try it yet, but I am curious about this particular software.
Been waiting for a day, no .dll or .ex4 file in the download, only the installation video, a manual (which doesn’t quite work if you follow their directions) and the .exe file. The .dll and .ex4 files are missing..
I’m sorry to read this. I guess my hopes were up, but nonsense like that is pretty much putting the final nail in the binary trading coffin.
I hate to do this, but once I got the sw running, I did a bunch of trades. Ended up with EURUSD and immediately picked put or call, and activated the trade, and out of 10 trades, won maybe 4 of them, with the others either a tie or a loss. Problem is that the securites move fast, and 60 seconds is really quick. Using their system, I’m in a LOSS situation. The videos are clearly chosen to show mostly winners !!
Oh missed this comment. How did you get it to work eventually?
I had the same problem and figured out where the files were.
Once profit in 60 seconds is installed, go to the folder where it is installed C:/Programs/profit in 60 seconds, the files u need are in there. I then copied and pasted to the relevant location in Tallinex meta trader 4 folders but it does not work at all.
I then contacted them and got a reply with the missing files.
The files attached were the same as the ones i copied and pasted lol.
I have contacted them over and over and all they do is advise me the same thing, watch the video on installation and they include the missing files.
It does not work whatsoever, the software fails to show any signal.
In my opinion stay clear.
Did you attach the indicator to a chart? If you used Talinex for the MT4 platform, did you add ecn as the suffix?
Yes I did but it did not work and also I see you mentioned they have a version 2.
That is exactly what I noticed in the video’s, however the files I download Do not state V2.
So I guessed I was installing version 1.
Regardless of all the methods I have tried it failed to work for me, I just gave up in the end.
Kind Regards
He is only putting the ones he wants us to see. Trust me. You will be lucky to get 50% wins.
Only winning trades are shown in the video.
Has anyone tried the demo yet? I have asked them several questions and have gotten some answers. I sent the below questions and have not yet received a response, but I did just send it:
“Do the buy/sell signals come from analysis that your software is making
on my computer from a feed of raw information, or are the signals
themselves coming from another source to my computer. This is a very
important distinction. And if it is coming from your software on my
computer, will I be guaranteed the software that is purchase from you
after 30 days is exactly the same as the trial one.”
The reason I ask this is, in one of the responses I got it said that Trade Rush actually is involved in the development of the software. If they are then supplying the signals as apposed to the signals being generated from the software on your computer, then they could make the software “less accurate” once you purchase the product for $1000. However, if it is raw material being analyses on your computer giving the signals, and it is really that accurate and and the demo software is identical to the real software, then this would be a steal at almost any price.
If TradeRush is involved, then the customer support should be a lot better. Are TradeRush and RedwoodOptions the same company?
You want a comment, well I’ll give you a comment for this company. In fact, this is an email that I sent to the vendor:
“You lying crooks are just like the other so called companies that say their product is FREE.
The trial costs a minimum MANDATORY deposit of at least $200 into your affiliate broker which you will win even if we lose!!”
Now there’s a comment for ya and two things:
1. That doesn’t answer if the product actually works or not and
2. The mail returned saying that the recipient doesn’t exist or failure
I let you all decide
Binary options is a ponzi scheme. First you have to accept that as reality. Liquidity providers are not in this arena. Nothing is being routed out to the market here with these brokers. Nadex is the only broker that actually routs your orders to the market and openly takes a commission. All other brokers are playing a ponzi game with everyone’s pool. Losers lose it all, then with that pool they pay themselves and the winners. And with the stupid bonus system they force you to accept, you cannot withdraw a dime until you do anywhere from 100-1000 times the volume. Usually $500 deposit with matching bonus will mean you may have to do enough trades that win to get your balance to $50,000. Now, is that feasible? NO! No it is not!!! Besides, your money will be gone way before it even gets to $2,000 if that. Don’t even think about binary options trading.
Parts of what you say is true and parts are not.
I would not take the bonus match either. But the 20X volume means trading volume, not balance $. So if your winning bids and loosing bids add up to 20x the bonus, then you are clear to take out your money. Still difficult to do and still have something left over to take out, but lets keep facts on
the table and let decisions be based on facts. I was able to make 8 straight win trades (with one tie in the middle) yesterday in 1M options. But this is after months of work figuring out a system with 2 mt4 charts and 3 FXCM charts open with many indicators trading only one pair. I would be very skeptical of a quick fix software, but am open to be convinced 🙂
The problem is again with binary brokers, not with binary SEC legalized. Binary brokers that exist today are the problem. None of the offshore ones can be trusted whatsoever. You will have no problem withdrawing couple hundred dollars a month from your account but let’s say you got really fortunate and made well over $50,000… go ahead and try to withdraw that amount and see what you get from these brokers. The thing is, most people lose their shirts before even doubling their account balance let alone see their balance go to $100,000+ level. Software again is not the problem. Signals are not the problem. Brokers are the problem. I did not trash the signal services or the software. I am trashing the binary brokers. Every single one of them.
Has anyone had any success with this software?
The new trend now is that these binary options brokers are creating software and integrating it with their platforms. The brokers are creating these software to trade on their own platforms. If you personally want to try it using your own money, do it. But do not keep harping on others to throw their money away either. Nobody makes any money from using broker created software to trade on their own platform.